Answer:
Annual depreciation= $77,000
Explanation:
Giving the following information:
Purchase price= $800,000
Salvage value= $30,000
Useful life= 10 year
Under the straight-line method of depreciation, the depreciation expense is constant along the useful life.
We need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (800,000 - 30,000)/10
Annual depreciation= $77,000
Answer: 1009.75
Explanation:
Computation of Net Pay
Hourly wage 30 × 46. = 1380
Excess hours 30×1/2×(46-40) =90
Total Gross =1470
Less:
Income Tax 350
Social Security ta 1470×6%. 88.2
Medicare tax 1470×1.5% 22.05
Net Pay 1009.75
Hence Option B is correct.
Answer:
Total Current Assets $ 100,800
Explanation:
The current asset are those assets which are cash cash or the firm expect to convert in cash within a 12 month period (one-year)
Assets with a useful life or collection date longer than a year will be considered non-current thus, non included in current asset
Cash $ 38,600
Short-term investments $ 4,600
Accounts receivable $ 51,000
Supplies <u> $ 6,600 </u>
Total Current Assets $ 100,800
Answer:
Concept stage
Explanation:
The concept design stage is the stage of the design process that comes after the feasibility of the product has bee conducted and options or alternatives have been weighed with a decision and product specification documentation created. The concept stage design is the first design on the product showing the details of the product as contained in the specification documentation.
A perfectly competitive market has many buyers and sellers (option c).
<h3>What is a
perfectly competitive market ?</h3>
A perfectly competitive market is a market where there are many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. These makes buyers and sellers price takers.
An example of a perfectly competitive market is the market for tomatoes.
To learn more about perfect competition, please check: brainly.com/question/17110476
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